Common use of Effect of Termination; Remedies Clause in Contracts

Effect of Termination; Remedies. In the event of the termination of this Agreement and the abandonment of the Contemplated Transactions pursuant to Section 13.1: 13.2.1 this Agreement shall forthwith become null and void and of no further force and effect, except that Section 11.5, this Section 13.2 and Article 14 and all applicable definitions in this Agreement shall survive such termination; 13.2.2 Buyer shall return all documents, work papers and other materials (and all copies thereof) obtained from any Archstone Entity, any Seller or any of their respective Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Sellers and otherwise comply with the terms of the Confidentiality Agreement; 13.2.3 Sellers shall return all documents, work papers and other materials (and all copies thereof) obtained from any Buyer or any of its Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Buyer; 13.2.4 all filings, applications and other submissions made to any Person, including any Governmental Authority, in connection with the Contemplated Transactions shall, to the extent practicable, be withdrawn from such Person; and 13.2.5 the sole and exclusive rights and remedies of a Party, if any, following a termination under Section 13.1 shall be termination of this Agreement without other recourse and the rights and remedies, if any, available under Section 13.3, if applicable, shall be in lieu of any other rights or remedies available by applicable Law or otherwise.

Appears in 2 contracts

Samples: Interest Purchase Agreement, Interest Purchase Agreement (Erp Operating LTD Partnership)

AutoNDA by SimpleDocs

Effect of Termination; Remedies. In the event of the termination of If this Agreement and the abandonment of the Contemplated Transactions is terminated pursuant to Section 13.114.1: 13.2.1 14.2.1 this Agreement shall forthwith become null and void and of no further force and effect, except that Section 11.510.4, Section 11.1, this Section 13.2 14.2, Article 15 and Article 14 16 and all applicable definitions in this Agreement shall survive such termination; 13.2.2 Buyer 14.2.2 the Purchaser Parties shall return all documents, work papers and other materials (and all copies thereof) obtained from any Archstone EntityAcquired Company, any Seller Member or any of their respective Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Sellers Sellers’ Representatives, and otherwise comply all confidential or proprietary information received by any Purchaser Party with the terms of respect to any Acquired Company or any Member shall be treated in accordance with Section 10.14 and the Confidentiality Agreement; 13.2.3 Sellers 14.2.3 the Members, the EOC Beneficial Owners and the Acquired Companies shall return all documents, work papers and other materials (and all copies thereof) obtained from any Buyer Purchaser Party or any of its their respective Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Buyer; 13.2.4 Parent, and all filingsconfidential or proprietary information received by any Acquired Company, applications Member and other submissions made the EOC Beneficial Owners with respect to any Person, including any Governmental Authority, Purchaser Party shall be treated in connection accordance with Section 10.14 and the Contemplated Transactions shall, to the extent practicable, be withdrawn from such PersonConfidentiality Agreement; and 13.2.5 14.2.4 the sole and exclusive rights and remedies of a Party, if any, following a termination under Section 13.1 14.1 shall be termination of this Agreement without other recourse and the rights and remedies, if any, available under Section 13.314.3, if applicable, shall be in lieu of any other rights or remedies available by applicable Law or otherwise.

Appears in 1 contract

Samples: Contribution Agreement (Parkway Properties Inc)

AutoNDA by SimpleDocs

Effect of Termination; Remedies. In the event of the termination of this Agreement and the abandonment of the Contemplated Transactions pursuant to Section 13.1: 13.2.1 this Agreement shall forthwith become null and void and of no further force and effect, except that Section 11.5, this Section 13.2 13.2, Section 13.3 and Article 14 and all applicable definitions in this Agreement shall survive such termination; 13.2.2 Buyer shall return all documents, work papers and other materials (and all copies thereof) obtained from any Archstone Entity, any Seller or any of their respective Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Sellers and otherwise comply with the terms of the Confidentiality Agreement; 13.2.3 Sellers shall return all documents, work papers and other materials (and all copies thereof) obtained from any Buyer or any of its Representatives relating to the Contemplated Transactions, whether so obtained before or after the execution hereof, to Buyer; 13.2.4 all filings, applications and other submissions made to any Person, including any Governmental Authority, in connection with the Contemplated Transactions shall, to the extent practicable, be withdrawn from such Person; and 13.2.5 the sole and exclusive rights and remedies of a Party, if any, following a termination under Section 13.1 shall be termination of this Agreement without other recourse and the rights and remedies, if any, available under Section 13.3, if applicable, shall be in lieu of any other rights or remedies available by applicable Law or otherwise.

Appears in 1 contract

Samples: Interest Purchase Agreement (Erp Operating LTD Partnership)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!